Canada’s Avanti Helium has signed an exclusive helium market agreement with the Edelgas Group, through which Edelgas will promote and distribute Avanti’s helium gas and/or liquid products.
The deal will see Avanti gain access to Edelgas’ established network of end users, offering both short- and long-term contracts.
Chris Bakker, CEO of Avanti, said, “With Avanti’s assets and operating costs of approximately US$200/Mcf for liquefied helium and US$130/Mcf for crude gaseous helium, we anticipate strong profitability across a wide spectrum of offtake prices.”
Avanti is targeting production at its Sweetgrass helium pool, within the Greater Knappen project in Montana, in 2024.
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